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EXHIBIT 4.1
YEAR 2005 PERFORMANCE CONTRACT WITH MANAGEMENT OF PETROCHINA COMPANY LIMITED
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Offeree: Name:XXXXX, Xxxxxx Offeror: Name: XXXX, Xxxx Term of the Contract: January 1, 2006 to
December 31, 2006
Title: President of PetroChina Title: Chairman of the Board
Company Limited of Directors of
("PetroChina") PetroChina Date of Execution: March 20, 2006
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INDICES KEY PERFORMANCE INDICES WEIGHT (%) MEASUREMENT TARGET ACTUAL PERFORMANCE
(KPI)
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Profits Indices Rate of return of the 35 % 17.5
invested capital of
PetroChina (ROIC)
Net income of PetroChina 20 In billion RMB 105.64
(NI)
Free cash flow of 15
PetroChina (FCF) In billion RMB 30.13
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Operating Indices Rate of reserves 10 % 100
replacement
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Unit operating cost for 5 US$/barrel 5.39
crude oil pipelines
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Cash processing cost for 5 RMB 113.7
per ton of oil
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Cash marketing cost for per 5 RMB 207.3 (for wholesale)
ton of oil 150.0 (for retail)
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Gap between the actual 5 % +/- 5
capital expenditure and
budget
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Indices to be Put Quality safety and accidents involving death < or = 0.05 Comprehensive
under Control environmental protection persons/million man-hours; performance expressed
extraordinary quality accidents capturing the in marks to be
attention of the public= 0; and increased by 5 marks
no extraordinarily serious safety or if achieving the
environmental accidents. target of the index
put under control,
and to be reduced by
5 marks if failing to
achieve the target of
the index put under
control.
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Signature of Offeree: /s/ XXXXX Xxxxxx Signature of Offeror: /s/ XXXX Xxxx
